Data management software firm Rubrik is acquiring Predibase, a startup that helps companies train and fine-tune their artificial intelligence models. Predibase, which was founded in 2021 by former Google and Uber employees, had raised over $28 million from Felicis and Greylock. The terms ... Read more ›
0
Bumble said it would lay off 30% of its workforce as returning CEO Whitney Wolfe Herd tries to turn the dating app around. Bumble shares were up more than 20% Wednesday following the announcement. The cuts will impact around 240 roles, according to a securities filing, saving roughly $40 million ... Read more ›
0
Only 17% of Americans said they had paid for news, either through subscribing or donating money, according to a survey by Pew Research Center. In other words, 83% of Americans said they had not paid for news in the past year. Most news outlets now have paywalls that require readers to pay to ... Read more ›
9
The explosion in AI coding assistants, used by developers to make apps and websites, has raised questions about whether developers will be loyal to any of them or if they’ll switch around based on which one has access to the best coding model or capabilities at the moment.But new data from research firm Indagari, based on credit card transaction data from more than 25 million U.S. consumers, shows developers that... Read more ›
18
Eric Trump is raising money to build what he predicts will be the world’s largest bitcoin-mining company. He’s teamed up with bitcoin miner Hut 8 to build the computing power he needs. “They can get projects done, you know, in half the time of other, you know, builders,” Trump said, announcing the partnership earlier this year. Trump’s newly christened bitcoin miner, American Bitcoin, is a joint venture between the Trumps... Read more ›
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Anthropic did not violate copyright law by training its large language models on copies of books because the training was protected under “fair use,” a federal district court in San Francisco ruled Tuesday. Authors Andrea Bartz, Charles Graeber and Kirk Johnson sued Anthropic last year, alleging ... Read more ›
0
New Zealand-based accounting software company Xero will pay $2.5 billion to acquire Melio, a New York startup that sells bill payments software to small and medium-sized businesses, as part of Xero’s U.S. expansion strategy, the companies announced Tuesday. Melio investors will receive a mix of ... Read more ›
0
Waymo on Tuesday opened its robotaxi service to the public in Atlanta, offering rides in a 65-square mile area exclusively through the Uber app. Waymo previously offered rides in the city, but just for people who signed up for early access. Atlanta is the second city where Waymo is available ... Read more ›
0
Welcome to summer, particularly for those in cities like New York that are enduring 100-degree temperatures today. And it was hot in a different sense on Wall Street, where all those worries about tariffs seem to have faded into the background, judging by the recent stock market frenzy. The Nasdaq 100 index, for instance, rose 1.5% on Tuesday to hit a new record. Yippee!The market is doing so well that... Read more ›
2
The market for initial public offerings has thawed a bit so far this year. But don’t forget about deals going the other way—software companies going private again, relatively soon after their IPOs. Bankers say they are talking to software companies that have struggled since their IPOs about going private again. Some of these boomerang stocks will be leaving the market for the second time. The biggest such take-private so far... Read more ›
2
Walmart is adding more small retail warehouses, Bloomberg reported, as it looks to speed up delivery times and better compete with e-commerce rivals like Amazon. The facilities will be so-called “dark stores” that are closed to the public, according to the report. One of the warehouses is ... Read more ›
0
YouTube may already be a behemoth in advertising, but a lot of the video giant’s attention lately has been on its subscription products. In fact, earlier this year YouTube leaders were considering hiring for a new role that could be in charge of all subscription products, as I reported on Monday. (A YouTube spokesperson declined to comment.)It’s not hard to see YouTube moving in this direction at some point. Current... Read more ›
30
Polymarket, the world’s largest prediction market, is finalizing a deal to raise more than $200 million at a valuation of more than $1 billion, The Information reported Tuesday. Peter Thiel’s Founders Fund, an existing investor, is leading the round. Founded in 2020 by CEO Shayne Coplan, ... Read more ›
0
Cybersecurity company Snyk announced today that it has acquired Swiss AI security research startup Invariant Labs for an undisclosed price. Invariant Labs, founded in 2024, develops tools to build secure and reliable AI agents. It was founded by ETH Zurich researcher Marc Fisher and hasn’t ... Read more ›
0
Buyers of artificial intelligence often need help figuring out which AI models are best at handling a particular task.Kinesso, the tech arm of advertising giant IPG, has been evaluating ways its parent company can use large language models to generate marketing-related text. By now, Kinesso and other AI buyers have become acquainted with telltale signs that a text was generated by AI, including lists of threes, words such as “delve,”... Read more ›
29
OpenAI has been gearing up to take on Google and Microsoft with features that let people collaborate on documents and communicate via chat in ChatGPT, according to two people who have seen the designs. Launching these features would pit OpenAI more directly against Microsoft, its biggest shareholder and business partner, as well as open a new front in its battle with Google, whose search engine has already lost traffic to... Read more ›
0
For junior investment bankers working 100-hour weeks, artificial intelligence can take care of the grunt work—up to a point. Interviews with half a dozen junior bankers suggest many Wall Street banks have leaned into using AI to help streamline their most menial tasks, including basic research such as asking a chatbot for public financials or an executive’s bio, trimming five or so hours of work per week. Still, the technology... Read more ›
26
Before we get to the column, I’d recommend you check out this story Erin, Rocket and I published on Monday about what sorts of products Thinking Machines Lab, the AI startup founded by ex-OpenAI Chief Technology Officer Mira Murati, is looking to build. It gives a sneak peek into how Murati plans to catch up with OpenAI and other AI rivals, bolstered by its monster $2 billion fundraise.Now, onto today’s... Read more ›
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Polymarket, the world’s biggest prediction market, is nearing a deal to raise more than $200 million in a funding round that will value the company at over $1 billion, according to people familiar with the plan. Polymarket, founded in 2020 by CEO Shayne Coplan, rose to prominence last year by becoming the most popular platform for betting on the U.S. presidential election. The site allows people to place bets using... Read more ›
1
The crypto stampede is on, and hardly a day goes by without the launch of some bitcoin scheme or stablecoin offering. On Sunday, my colleague Yueqi reported that OKX, one of the three biggest global crypto exchanges, was considering an initial public offering in the U.S. Today, Fiserv, one of the companies that manages the plumbing of the nation’s banks, said it was going to offer a stablecoin. Yueqi previewed... Read more ›
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Most popular sources
Business Insider
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45% 21 |
Wired
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18% 14 |
Gizmodo
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8% 2 |
MacRumors
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7% 6 |
Vox
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5% 3 |
| View sources » | |
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05.11.2025 10:15
Last update: 10:05 EDT.
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